EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Wright Investors Service Inc.

Wright Investors Service Inc. boosted its holdings in shares of EOG Resources, Inc. (NYSE:EOG - Free Report) by 54.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,817 shares of the energy exploration company's stock after buying an additional 3,113 shares during the period. Wright Investors Service Inc.'s holdings in EOG Resources were worth $1,131,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of EOG. Wealthfront Advisers LLC raised its holdings in shares of EOG Resources by 4,642.2% in the fourth quarter. Wealthfront Advisers LLC now owns 2,852,238 shares of the energy exploration company's stock valued at $349,627,000 after purchasing an additional 2,792,092 shares during the last quarter. Capital World Investors raised its holdings in shares of EOG Resources by 5.2% in the fourth quarter. Capital World Investors now owns 45,919,327 shares of the energy exploration company's stock valued at $5,628,497,000 after purchasing an additional 2,270,013 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of EOG Resources in the fourth quarter valued at about $171,193,000. GAMMA Investing LLC raised its holdings in shares of EOG Resources by 14,784.1% in the first quarter. GAMMA Investing LLC now owns 1,281,374 shares of the energy exploration company's stock valued at $164,323,000 after purchasing an additional 1,272,765 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of EOG Resources by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock valued at $2,230,014,000 after purchasing an additional 781,282 shares during the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the sale, the chief operating officer now directly owns 47,732 shares in the company, valued at $6,098,240.32. This trade represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by insiders.

EOG Resources Stock Up 0.7%

Shares of NYSE EOG traded up $0.82 during midday trading on Thursday, reaching $111.59. 938,555 shares of the company's stock traded hands, compared to its average volume of 3,270,057. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13. The stock's 50 day simple moving average is $112.16 and its 200-day simple moving average is $122.74. EOG Resources, Inc. has a one year low of $102.52 and a one year high of $138.18. The company has a market cap of $60.90 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 3.58 and a beta of 0.78.

EOG Resources (NYSE:EOG - Get Free Report) last announced its earnings results on Thursday, May 1st. The energy exploration company reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.75 by $0.12. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.92 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. EOG Resources's revenue was down 7.4% compared to the same quarter last year. During the same period last year, the firm earned $2.82 earnings per share. On average, analysts predict that EOG Resources, Inc. will post 11.47 EPS for the current fiscal year.

EOG Resources Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 17th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 3.66%. This is an increase from EOG Resources's previous quarterly dividend of $0.98. The ex-dividend date is Friday, October 17th. EOG Resources's dividend payout ratio (DPR) is 36.18%.

Analyst Ratings Changes

EOG has been the subject of several research reports. Wells Fargo & Company reduced their price target on shares of EOG Resources from $150.00 to $146.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Scotiabank upgraded shares of EOG Resources from a "sector perform" rating to a "sector outperform" rating and reduced their price target for the company from $150.00 to $130.00 in a research report on Friday, April 11th. Royal Bank of Canada upgraded shares of EOG Resources from a "sector perform" rating to an "outperform" rating and increased their price target for the company from $150.00 to $155.00 in a research report on Wednesday, February 12th. JPMorgan Chase & Co. reduced their price target on shares of EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Finally, Bank of America reduced their price target on shares of EOG Resources from $125.00 to $124.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Eleven equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $139.58.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.